Hershey, Nestle Investors Push for Paying Cocoa Farmers More (1)

Shareholders of The Hershey Company, Nestle and a handful of other large chocolate companies on Monday urged the businesses to use their influence in the cocoa market to improve wages and working conditions for farmers in West Africa.

The investors said companies need to make sure cocoa farmers earn enough so that they can in turn pay their workers a living income that will lift them out of poverty and so that they can stop relying on child labor.

“We’re calling on chocolate companies to use their purchasing power, through price interventions, to ensure cocoa farmers receive more money ...